RENO - BAT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RENO - BAT
Largest movements
- Cash -€25,004
down €25,004 (-15.6%), from €160,634 to €135,630
mainly Investment in fixed assets (net) (-€24,999) and Receivables within one year (-€16,344)
- Tangible fixed assets -€23,602
down €23,602 (-9.7%), from €242,957 to €219,355
of which Land and buildings: -€18,954
- Receivables within one year +€16,344
up €16,344 (+72.5%), from €22,532 to €38,876
of which Other amounts receivable: +€8,222
- Profit (loss) carried forward -€14,991
down €14,991 (-7.7%), from €195,300 to €180,309
- Debts after one year -€11,978
down €11,978 (-24.4%), from €49,146 to €37,168
of which Financial debts: -€11,632
- Trade debts -€5,669
down €5,669 (-80.3%), from €7,057 to €1,389
- Gross operating margin -€333,677
down €333,677 (-81.4%), from €409,722 to €76,045
- Staff costs -€81,310
down €81,310 (-69.6%), from €116,867 to €35,556
- Depreciation +€12,474
up €12,474 (+34.5%), from €36,127 to €48,601
- Taxes -€6,249
no longer reported in 2025 (was €6,249)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €427,907 | €394,145 | -€33,762 | -7.9% |
| Fixed assets | 21/28 | €243,242 | €219,640 | -€23,602 | -9.7% |
| Tangible fixed assets | 22/27 | €242,957 | €219,355 | -€23,602 | -9.7% |
| Land and buildings | 22 | €169,278 | €150,323 | -€18,954 | -11.2% |
| Plant, machinery and equipment | 23 | €23,186 | €32,935 | +€9,749 | +42.0% |
| Furniture and vehicles | 24 | €50,493 | €36,096 | -€14,397 | -28.5% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €184,666 | €174,506 | -€10,160 | -5.5% |
| Amounts receivable within one year | 40/41 | €22,532 | €38,876 | +€16,344 | +72.5% |
| Trade receivables | 40 | €17,847 | €25,969 | +€8,122 | +45.5% |
| Other amounts receivable | 41 | €4,685 | €12,907 | +€8,222 | +175% |
| Cash at bank and in hand | 54/58 | €160,634 | €135,630 | -€25,004 | -15.6% |
| Deferred charges and accrued income | 490/1 | €1,500 | - | -€1,500 | |
| Total equity and liabilities | 10/49 | €427,907 | €394,145 | -€33,762 | -7.9% |
| Equity | 10/15 | €338,751 | €323,761 | -€14,991 | -4.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €124,859 | €124,859 | = | 0.0% |
| Distributable reserves | 133 | €124,859 | €124,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,300 | €180,309 | -€14,991 | -7.7% |
| Amounts payable | 17/49 | €89,156 | €70,385 | -€18,772 | -21.1% |
| Amounts payable after more than one year | 17 | €49,146 | €37,168 | -€11,978 | -24.4% |
| Financial debts | 170/4 | €39,561 | €27,930 | -€11,632 | -29.4% |
| Other amounts payable | 178/9 | €9,584 | €9,238 | -€346 | -3.6% |
| Amounts payable within one year | 42/48 | €40,010 | €33,217 | -€6,793 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €11,178 | €11,632 | +€454 | +4.1% |
| Trade debts | 44 | €7,057 | €1,389 | -€5,669 | -80.3% |
| Suppliers | 440/4 | €7,057 | €1,389 | -€5,669 | -80.3% |
| Advances received on contracts in progress | 46 | €8,128 | €8,128 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,648 | €12,069 | -€1,579 | -11.6% |
| Taxes | 450/3 | €341 | €181 | -€160 | -47.0% |
| Remuneration and social security | 454/9 | €13,306 | €11,888 | -€1,419 | -10.7% |
| Non-recurring operating income | 76A | €213,856 | - | -€213,856 | |
| Remuneration, social security and pensions | 62 | €116,867 | €35,556 | -€81,310 | -69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,127 | €48,601 | +€12,474 | +34.5% |
| Other operating charges | 640/8 | €6,671 | €5,376 | -€1,295 | -19.4% |
| Gross operating margin | 9900 | €409,722 | €76,045 | -€333,677 | -81.4% |
| Operating profit (loss) | 9901 | €250,058 | -€13,489 | -€263,546 | |
| Financial income | 75/76B | €105 | €746 | +€642 | +614% |
| Recurring financial income | 75 | €105 | €746 | +€642 | +614% |
| Financial charges | 65/66B | €4,819 | €2,248 | -€2,570 | -53.3% |
| Recurring financial charges | 65 | €4,819 | €2,248 | -€2,570 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €245,343 | -€14,991 | -€260,334 | |
| Income taxes | 67/77 | €6,249 | - | -€6,249 | |
| Profit (loss) for the period | 9904 | €239,095 | -€14,991 | -€254,085 | |
| Profit (loss) for the period to be appropriated | 9905 | €239,095 | -€14,991 | -€254,085 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.